Nitiraj Engineers Ltd

About Nitiraj Engineers Ltd

Nitiraj Engineers Ltd manufactures and markets electronic weighing scales and healthcare products. The company caters to diverse segments including industrial, retail, and domestic consumers with a range of weighing solutions and medical devices like blood pressure monitors and glucometers. It aims to provide accurate and reliable consumer durables in its niche.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Nitiraj Engineers Ltd's P/E ratio (TTM) is 200.16, compared to the industry median of 32.51 and large cap median of 28.58.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Nitiraj Engineers Ltd's P/B ratio is 3.16, compared to the industry median of 5.33 and large cap median of 4.13.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Nitiraj Engineers Ltd's P/S ratio is 4.16, compared to the industry median of 2.74 and large cap median of 2.18.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Nitiraj Engineers Ltd's PEG ratio is 2.50.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Nitiraj Engineers Ltd's EV/EBITDA ratio is 48.20.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Nitiraj Engineers Ltd's ROE is -0.34%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Nitiraj Engineers Ltd's ROA is 4.37%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Nitiraj Engineers Ltd's ROCE is 0.38%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Nitiraj Engineers Ltd's operating margin is 7.57%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Nitiraj Engineers Ltd's net margin is -0.50%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Nitiraj Engineers Ltd's current ratio is 3.59.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Nitiraj Engineers Ltd's debt-to-equity ratio is 0.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Nitiraj Engineers Ltd's interest coverage ratio is 0.88.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Nitiraj Engineers Ltd's DPS is ₹0.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Nitiraj Engineers Ltd's EPS is -93.60.

(Source line: "Ratios as of 13 Aug 2026, based on last traded price of ₹208.17. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1999
• Headquarters: Nagpur, Maharashtra
• Core Offerings: Electronic Weighing Scales, Medical Devices, Healthcare Products
• Stock Listing: NSE (NITIRAJ), BSE ({bse})
• Promoter: Nitin R. Paranjape / Paranjape Group

History of Nitiraj Engineers Ltd

Incorporated in 1999, Nitiraj Engineers Ltd. began its journey with the manufacturing of electronic weighing systems. Over the years, the company diversified its product portfolio to include various healthcare and medical devices, leveraging its manufacturing expertise. Key milestones include a bonus issue and stock split in 2022, reflecting corporate growth and efforts to enhance liquidity. The company continues to focus on expanding its product range and distribution network within the consumer durables and healthcare sectors.

Business Segments and Revenue Mix

• Electronic Weighing Scales: Manufacturing and distribution of a wide array of electronic weighing scales, including retail scales, industrial platform scales, and domestic kitchen scales, catering to various user needs.
• Medical & Healthcare Products: Production and sales of essential medical devices such as digital blood pressure monitors, glucometers, pulse oximeters, and other consumer healthcare items, emphasizing accuracy and ease of use.

Key Personnel

Nitin R. Paranjape - Chairman & Managing Director. He is the founder of the company and has been instrumental in its strategic direction and product diversification into medical and healthcare devices.

Subsidiaries and Associate Companies

No major subsidiaries reported.

Corporate Actions

1:1 Bonus Issue on 08-Aug-2022; Stock Split from Face Value ₹5 to ₹1 (1:5) on 08-Aug-2022.

References

1. Annual Report FY2023 2. Exchange Filings (NSE/BSE) 3. Financial Results Announcements